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Newsletter on EAA Web Sessions - Benefit from our Early
Bird Rates
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Book now and save money!
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Benefit from discounts for many EAA web sessions taking place in
winter 2023 with early bird rates in December 2022 and January
2023. These online trainings cover topics such as
- Practical AI Methods,
- Life Product Development,
- Inflation,
- Neural Networks (with Applications in
Mortality Modeling),
- Operational Risk for Actuaries and
- ML Explainability in Actuarial Data
Science.
Furthermore, you are invited to visit our website for all
published online trainings here.
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Web Session: "Practical AI Methods in Claim Handling and
Reserve Predictions" on 24 January 2023, 10:00-12:00
CET
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In this web session, we will introduce the methods and
approaches from machine learning (ML) and artificial intelligence
(AI) that support quantification, causes, and data outputs from for
claims' handling files and its unstructured information. We will
focus on the creation of data from the information set that is
contained in the unstructured documents through methods from
optical character recognition (OCR), natural language processing
(NLP), and classification and prediction models. The goal is to
create sufficient new data sets that support the analysis,
automated auditing, and machine-support claims handling. We
will show the ideas, approaches but also practical examples
and software tools. The goal is to understand how unstructured
information of claims' files is transformed to machine readable and
processable data and what can be done with this new rich data
set.
Your early-bird registration fee is € 100.00 plus
19% VAT until 13 December 2022. After this date,
the fee will be € 140.00 plus 19% VAT.
further details
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Web Session: "50 Shades of Product Development" on 31
January - 2 February 2023, 10:00-15:30 CET
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Product development is multifaceted, and the related activities
are quite diverse. Depending on the organization of a life
insurance company, these activities may include topics ranging from
actuarial to IT, from law to sales, from marketing to customer
services, from accounting to investments - and beyond.
In addition, life insurance business is under threat. Different
topics and issues put pressure on business in force as well as on
new business, and thus finally on product development: low interest
rates, new regulations, new requirements from sales channels and
retail clients, environmental and social aspects, the advent of the
technological movement in insurance («InsurTech»), and many
more.
Thus, the complexity of product development in combination with
today's requirements demand for a holistic view on products and
their development. It became obvious now that current best practice
in developing products is not sufficient anymore.
Insurers need to change their product development fundamentally.
It needs to be faster, more innovative, sustainable, more flexible,
and pretty much closer to sales and clients.
In this web session, we discuss different aspects of modern
product development and put together the puzzle of different
activities, aspects, and perspectives.
Your early-bird registration fee is € 650.00 plus
19% VAT until 20 December 2022. After this date,
the fee will be € 845.00 plus 19% VAT.
further details
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Web Session: "How Can Actuaries Tackle Inflation and its
Consequences?" on 8 February 2023, 9:00-15:45 CET
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If one of the following descriptions fits to your situation, the
course might be exactly right for you:
- You are responsible in the second line
for (financial) risk management and you want a handle on inflation
risk,
- You have senior management
responsibility and you would like to understand your options to
mitigate inflation,
- You are working in general insurance and
you would like to understand where your business is vulnerable to
inflation,
- You are responsible for product
management in your organisations and you would like to understand
the impact of inflation on your product settings,
- You need to reflect the inflation risk
in your ORSA.
What approach do we take?
In order to have a common understanding of inflation we start with
the historic background and pick up recent research on
hyperinflation. We also look at the consequences of inflation for
our customers, especially in the retirement age. In the second part
we analyse the various impacts of inflation in workshops and
discuss potential mitigating actions.
Your early-bird registration fee is € 250.00 plus
19% VAT until 28 December 2022. After this date,
the fee will be € 335.00 plus 19% VAT.
further details
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Web Session: "Introduction to Neural Networks with
Applications in Mortality Modeling" on 9 February 2023, 8:30-13:00
CET
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Neural networks have been tremendously successful in a variety
of domains. Of course, they have also been extensively studied in
actuarial research and applied in insurance companies. For example,
an application which is highly relevant for life insurance is the
modeling and forecasting of mortality rates.
While simple feed-forward neural networks are already very
effective for a number of tasks, there are several techniques (such
as embedding layers or ensembles) and specialized architectures
(such as recurrent or convolutional neural networks) which are
necessary to exploit the full potential of these powerful machine
learning models.
Interpretability and explainability are often key requirements in
actuarial applications. Successful approaches in this direction
have been proposed and are, for example, based on combining neural
networks with the more traditional generalized linear models in the
so-called combined actuarial neural network or LocalGLMnet
architectures.
Your early-bird registration fee is € 200.00 plus
19% VAT until 29 December 2022. After this date,
the fee will be € 270.00 plus 19% VAT.
further details
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Web Session: "Operational Risk for Actuaries" on 23/24
February 2023, 10:00-12:00 CET
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Operational risk is the risk of loss, arising from inadequate or
failed internal processes, people and systems or from external
events. That is the definition of operational risk for regulatory
purposes. Operational risk management is usually part of ERM and
actuaries are typically not involved in these processes. That is
often because of poor data related to rare events and some lack of
methodologies. The goal of this web session is to provide actuaries
with tools and ideas how to better involve in operational risk
management and how to use existing actuarial toolboxes to improve
valuation of operational risk.
Your early-bird registration fee is € 200.00 plus
19% VAT until 12 January 2022. After this date,
the fee will be € 270.00 plus 19% VAT.
further details
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Web Session: "ML Explainability in Actuarial Data
Science: A Practical Primer" on 27/28 February 2023, 9:00-16:30
CET
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These days, nobody disputes the profound impact and
yet-untouched potential of Machine Learning and Artificial
Intelligence anymore. Yet, in the actuarial sciences, these
breakthrough possibilities are hampered by regulation, the need for
numerical confidence and insight into model decision making, the
latter being subsumed as a "black box problem". Thus, the quest for
explainability is in fact much more pressing than in any other
industry.
This upcoming seminar on ML explainability aims to provide
insights into the areas of unsupervised learning, supervised
learning and artificial neural nets via model-agnostic
explainability approaches, while providing opportunities to try out
the methods yourself!
Your early-bird registration fee is € 600.00 plus
19% VAT until 16 January 2022. After this date,
the fee will be € 780.00 plus 19% VAT.
further details
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